Working Papers
Who Pays for Payments? Consumer Sorting, Fee Heterogeneity, and Passthrough
2025
M. Egan, G. Matvos, A. Seru, L. Wang, and V. Yao
Dynamic Competition for Sleepy Deposits (NBER WP 34267)
2025
M. Egan, A. Hortacsu, N. Kaplan, A. Sunderam, and Vincent Yao
FinTech Lending with LowTech Pricing
2024
M. Johnson, I. Ben-David, A. Chinco, J. Lee, and V. Yao
Market-Based Innovation Policy: Evidence from High-Tech Incubators in China
2023
Y. Pan, T. Shu, P. Zhang, and V. Yao
Selected Published Papers
Surviving the Fintech Disruption
Journal of Financial Economics, 171, 2025
W. Jiang, Y. Tang, R. Xiao, and V. Yao
Second Chance: Life with Less Student Debt
Journal of Finance, Forthcoming
M. Di Maggio, A. Kalda, and V. Yao
Valuation of Long-Term Property Rights under Political Uncertainty
American Economic Review, 114(9), 2024, 2701-2747
Z. He, M. Hu, Z. Wang, and V. Yao
Econometrica, 92(4), 2024, 1195-1231
S. Agarwal, J. Grigsby, A. Hortaçsu, G. Matvos, A. Seru, and V. Yao
Corporate Climate Risk: Measurements and Responses
The Review of Financial Studies, 37(6), 2024, 1778-1830. Downloadable Data
Q. Li, H. Shan, Y. Tang, and V. Yao
The Review of Economic Studies, 90(2), 2023, 499-537. Lead article
S. Agarwal, G. Amromin, S. Chomsisengphet, T. Piskorski, A. Seru, and V. Yao
The Pass-Through of Uncertainty Shocks to Households
Journal of Financial Economics, 145(1), 2022, 85-104
M. Di Maggio, A. Kermani, R. Ramcharan, E. Yu, and V. Yao
Fintech Borrowers: Lax-Screening or Cream-Skimming?
The Review of Financial Studies, 34(10), 2021, 4565-4618
M. Di Maggio and V. Yao
Comovements and Asymmetric Tail Dependence in State Housing Prices in US: A Nonparametric Approach
Journal of Applied Econometrics, 34(5), 2019, 843-849
H. Huang, L. Peng, and V. Yao
Interest Rate Policy Pass-Through: Mortgage Rates, Household Consumption and Voluntary Deleveraging
American Economic Review, 107(11), 2017, 3550-88
M. Di Maggio, A. Kermani, B. Keys, T. Piskorski, R. Ramcharan, A. Seru, and V. Yao
Systemic Mistakes of Borrowers in the Mortgage Market and Lack of Financial Sophistication
Journal of Financial Economics, 123, 2017, 42-58
S. Agarwal, I. Ben-David, and V. Yao
Why Do Borrowers Make Mortgage Refinancing Mistakes?
Management Science, 62(12), 2016, 3494-3509
S. Agarwal, R. Rosen, and V. Yao
Management Science, 61(9), 2015, 2220-2240
S. Agarwal, I. Ben-David, and V. Yao
Foreclosure Externalities: New Evidence
Journal of Urban Economics, 87, 2015, 42-56
K. Gerardi, P. Willen, E. Rosenblatt, and V. Yao
The Foreclosure Discount: Myth or Reality?
Journal of Urban Economics, 71, 2012, 204-218
J. Harding, E. Rosenblatt, and V. Yao
The Contagion Effect of Foreclosed Properties
Journal of Urban Economics, 66(3), 2009, 164-178
J. Harding, E. Rosenblatt, and V. Yao
Permanent Working Papers
Sales Force Incentives and Consumer Credit
R. Ramcharan and V. Yao
Fintech, Market Power and Monetary Transmission
V. Yao and Q. Wang
The Mistakes People Make: Financial Decision Making when Buying and Owning a Home
S. Agarwal, C. Liu, W. Torous and V. Yao
Preserving a Living Legacy: Marital Ownership and Risk Taking in Family Firms
Y. Pan, J. Xiao, V. Yao and J. Zhang